Gujarat Real Estate gets boost from hospitality sector

In the last one decade, Gujarat has positioned itself well as an investment destination and enacted lucrative investment policies and incentives for almost all sectors industries. As a result, all the sectors are developing fast and in the process, it has helped a lot in the growth of the hospitality sector as a chain effect.

Shaking hands with hospitality sector

Making the most of the hospitality sector, the real estate segment is also taking advantage by collaborating with hospitality chains. The developers expect this association to boost up the real estate sector to a great extent. This joint effort will produce mixed-use properties that will offer serviced apartments along with hotel rooms, business parks and retail stores. Thus, residential, commercial and hospitality -all combined into one project.

“In such mixed-use property projects, it will be the hospitality chains who would be investing while, the developers would be playing the role of the owners or tenants. This would not only be a great success for the realty segment but, it will also help boost the branding of the hospitality chains, whichIn the last one decade, Gujarat has positioned itself well as an investment destination and enacted lucrative investment policies and incentives for almost all sectors industries. As a result, all the sectors are developing fast and in the process, it has helped a lot in the growth of the hospitality sector as a chain effect.

Shaking hands with hospitality sector

Making the most of the hospitality sector, the real estate segment is also taking advantage by collaborating with hospitality chains. The developers expect this association to boost up the real estate sector to a great extent. This joint effort will produce mixed-use properties that will offer serviced apartments along with hotel rooms, business parks and retail stores. Thus, residential, commercial and hospitality -all combined into one project.

“In such mixed-use property projects, it will be the hospitality chains who would be investing while, the developers would be playing the role of the owners or tenants. This would not only be a great success for the realty segment but, it will also help boost the branding of the hospitality chains, which means that this is a win-win situation on both the sides,“ avers Rakesh Shah, a developer.

Changing dynamics

The industrial growth has led to a good demand for hotels, especially upscale and luxury ones, to cater to the commercial segment. In fact, Gujarat has seen robust addition of hotel and hospitality services to cater to this demand in the recent past. Analysts believe that the hospitality industry needs to cater to the local demand while maintaining its international appeal to be relevant in this part of the world. For example, majority of the population of Gujarat is vegetarian. This is a reason why many 5-star hotels in the state have vegetarian restaurants in their premises. So, the way forward in the state is to have the international players’ tie-up with the local real estate developers for space, thus, both can benefit with this kind of arrangement.
Dipika Rathi, Times Property, The Times of India, Ahmedabad means that this is a win-win situation on both the sides,“ avers Rakesh Shah, a developer.

Changing dynamics

The industrial growth has led to a good demand for hotels, especially upscale and luxury ones, to cater to the commercial segment. In fact, Gujarat has seen robust addition of hotel and hospitality services to cater to this demand in the recent past. Analysts believe that the hospitality industry needs to cater to the local demand while maintaining its international appeal to be relevant in this part of the world. For example, majority of the population of Gujarat is vegetarian. This is a reason why many 5-star hotels in the state have vegetarian restaurants in their premises. So, the way forward in the state is to have the international players’ tie-up with the local real estate developers for space, thus, both can benefit with this kind of arrangement.
Dipika Rathi, Times Property, The Times of India, Ahmedabad